AB High Income Municipal Portfolio (ABTYX)
The fund invests principally in high-yielding municipal securities that may be non-investment grade or investment grade. It normally invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the AMT for certain taxpayers. The fund may invest without limit in lower-rated securities.
Fund Info
US0186427441
Jan 25, 2010
$0
Expense Ratio
ABTYX features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AB High Income Municipal Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AB High Income Municipal Portfolio had a return of 4.44% year-to-date (YTD) and 5.45% in the last 12 months. Over the past 10 years, AB High Income Municipal Portfolio had an annualized return of 3.36%, while the S&P 500 had an annualized return of 11.01%, indicating that AB High Income Municipal Portfolio did not perform as well as the benchmark.
ABTYX
4.44%
-0.96%
1.16%
5.45%
1.22%
3.36%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of ABTYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.45% | 0.23% | 0.63% | -2.09% | 0.78% | 3.20% | 1.03% | 1.44% | 1.65% | -2.08% | 1.34% | 4.44% | |
| 2023 | 4.55% | -3.23% | 1.96% | 0.54% | -1.11% | 0.26% | 0.13% | -1.72% | -4.40% | -2.50% | 8.80% | 3.91% | 6.64% |
| 2022 | -2.80% | -0.83% | -4.09% | -4.30% | 1.82% | -4.32% | 4.09% | -2.52% | -6.57% | -2.39% | 6.91% | -0.50% | -15.15% |
| 2021 | 1.98% | -1.69% | 0.97% | 1.39% | 1.10% | 1.10% | 1.09% | -0.30% | -0.89% | -0.05% | 1.42% | 0.28% | 6.52% |
| 2020 | 2.38% | 2.02% | -10.60% | -3.22% | 3.39% | 4.01% | 2.93% | 0.22% | -0.13% | 0.16% | 2.65% | 2.10% | 5.11% |
| 2019 | 0.72% | 0.95% | 2.41% | 0.59% | 1.75% | 0.65% | 0.76% | 2.12% | -0.46% | -0.01% | 0.33% | 0.65% | 10.95% |
| 2018 | -0.95% | -0.46% | 0.73% | -0.18% | 1.46% | 0.27% | 0.26% | 0.38% | -0.58% | -1.07% | 0.47% | 0.75% | 1.03% |
| 2017 | 1.12% | 0.98% | 0.77% | 0.97% | 1.81% | -0.08% | 0.95% | 1.50% | -0.09% | 0.26% | 0.26% | 1.32% | 10.21% |
| 2016 | 0.91% | 0.17% | 1.25% | 1.14% | 0.98% | 2.15% | 0.17% | 0.50% | -0.24% | -1.55% | -5.61% | 0.57% | 0.20% |
| 2015 | 2.29% | -0.86% | 0.47% | -0.32% | -0.31% | -0.41% | 0.62% | 0.20% | 0.76% | 1.13% | 0.82% | 1.11% | 5.60% |
| 2014 | 3.49% | 2.27% | 0.76% | 2.24% | 2.57% | 0.05% | 0.06% | 1.69% | 0.85% | 1.07% | 0.38% | 0.95% | 17.59% |
| 2013 | 1.03% | 0.29% | -0.27% | 1.18% | -0.64% | -6.47% | -2.44% | -3.65% | 3.29% | 0.98% | -0.12% | -0.77% | -7.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABTYX is 43, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB High Income Municipal Portfolio provided a 3.83% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.43 | $0.43 | $0.41 | $0.45 | $0.47 | $0.51 | $0.48 | $0.49 | $0.53 | $0.56 | $0.57 |
Dividend yield | 3.83% | 4.14% | 4.31% | 3.32% | 3.72% | 3.95% | 4.61% | 4.18% | 4.47% | 4.69% | 4.98% | 5.68% |
Monthly Dividends
The table displays the monthly dividend distributions for AB High Income Municipal Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.00 | $0.00 | $0.36 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.07 | $0.51 |
| 2017 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2015 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.53 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.56 |
| 2013 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the AB High Income Municipal Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB High Income Municipal Portfolio was 21.12%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current AB High Income Municipal Portfolio drawdown is 5.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.12% | Jan 4, 2022 | 205 | Oct 26, 2022 | — | — | — |
| -17.81% | Mar 2, 2020 | 15 | Mar 20, 2020 | 187 | Dec 15, 2020 | 202 |
| -13.31% | May 10, 2013 | 78 | Aug 29, 2013 | 179 | May 16, 2014 | 257 |
| -10.86% | Oct 26, 2010 | 58 | Jan 18, 2011 | 106 | Jun 20, 2011 | 164 |
| -8.15% | Sep 9, 2016 | 61 | Dec 5, 2016 | 171 | Aug 10, 2017 | 232 |
Volatility
Volatility Chart
The current AB High Income Municipal Portfolio volatility is 1.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.